CNBC laid off less than a dozen editorial employees as the Versant-backed cable network reviews its structure under a new editor in chief, David Cho.
Among those who will depart because of the reorganization is Jeffrey McCracken, managing editor of CNBC’s digital-news venues, according to a person familiar with the matter.
“The changes made today are to align CNBC’s newsroom structure for the future, they are not driven by cost cutting. We expect to hire more than 40 new editorial roles over the next year across TV, Digital and direct-to-consumer platforms.,” CNBC said in a statement.
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